Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Etihad Rail Saudi Railway sign agreement  Join our daily free Newsletter

MENAFN - Khaleej Times - 11/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) The agreement will serve as a partnership between both parties and will enhance the relationship and long-term collaboration that will ultimately promote and lead to the successful economic development of the railway industry in the uae and saudi arabia.

the deal will boost the relationship and long-term collaboration between etihad rail and saudi railway company. — supplied photo

etihad rail — the developer and operator of the uae’s national railway network — signed a memorandum of understanding with saudi railway company or sar that will enhance collaboration and coordination for the rail industry among gcc members.

signed by eng faris saif al mazrouei acting ceo of etihad rail and sar ceo dr rumaih bin muhammad al rumaih the mou seeks to introduce common solutions leverage best practice and allow for the free exchange of ideas and knowledge to improve the safety efficiency and economy of both countries’ railways networks.

the agreement will serve as a partnership between both parties and will enhance the relationship and long-term collaboration that will ultimately promote and lead to the successful economic development of the railway industry in the uae and saudi arabia. committees including representatives from both parties will be created and collaborative meetings seminars and workshops will be held on a regular basis.

eng al mazrouei said: “we are proud to announce this important mou with sar. we already work closely with our gcc neighbours in an effort to ensure that technical standards and technology for the railway network in the gcc are consistent and this agreement will pave the way for greater cooperation collaboration and the exchange of knowledge with sar.”

“we can greatly benefit from saudi arabia’s pioneering experience particularly given that both etihad rail and sar share common goals and aim to leverage the latest technology and the highest standards of safety and to provide the most sustainable services in the transportation field.“

he added: “work on the uae’s national railway is progressing on schedule and etihad rail believes that forming strong relationships with stakeholders of all railway projects in the gcc will further contribute to the success of the operation of the rail as well as provide a secure link between the uae and its neighbours. we are pleased that the completion of stage one of etihad rail also represents the completion of the first stage of the main gcc line.”

dr al rumaih said: “establishing such relations and cooperation with etihad rail will improve both projects’ executional mechanism and operations efficiency in the future not only for saudi arabia and the uae but for all gcc countries. this will contribute to creating an attractive market environment for rail and open doors to compete with other means of transportation especially for freight and heavy haul.”

he also said that “sar had built through the last eight years an extensive experience in both railway projects and operations that our partners across the gcc can benefit from.

the scale of the whole saudi railway networks between cities is more than 7200km. sar is taking a big portion of that by projects of more than 4500km.”

etihad rail works closely with key stakeholders throughout the uae as well as the gcc members through the gcc secretariat-general with shared goals aspirations and business objectives to deliver the railway professionally efficiently and on schedule.


 






  MENA News Headlines
 Aug 20 2014 - Saudi- Red Sea Housing net profit rises 23.13 to SR40.78m in Q2Arab News
(MENAFN - Arab News) Red Sea Housing Services Co. (RSH) has posted outstanding performance for the first half of 2014 revealing operating income of SR41.59 million a growth of 17.69 percent compared ...

 Aug 20 2014 - Saudi- Shelter for minors reduces beggaryArab News
(MENAFN - Arab News) Child beggary on the streets of Jeddah has decreased by more than 50 percent thanks to the opening of a juvenile shelter in association with Al-Birr Charitable Society said Hani ...

 Aug 20 2014 - Saudi Aramco's iThra program attracts thousands of visitorsArab News
(MENAFN - Arab News) Saudi Aramco's iThra Knowledge Program has attracted 300000 visitors during the first two weeks of the event. The program which is being held at the city's International ...

 Aug 20 2014 - Saudi- New office to oversee Haj-related activitiesArab News
(MENAFN - Arab News) The Haj Ministry has approved a new management office aimed at monitoring Haj-related programs and arrangements more effectively.The 'strategic initiative management office' ...

 Aug 20 2014 - Saudi- SFDA warns against contaminated chocolate drinksArab News
(MENAFN - Arab News) Before consuming any of the chocolate drinks produced by Milchwerke Mittelelbe GMBH and listed below check the expiry date first. If the product is packed in plastic containers ...

 Aug 20 2014 - Saudi- JCCI bridges gap between courts and businessmenArab News
(MENAFN - Arab News) A delegation from Jeddah Chamber of Commerce and Industry (JCCI) visited the headquarters of General Court in Jeddah.The delegation consisting of Vice Chairman of JCCI Ziyad bin ...

 Aug 20 2014 - Saudi- Holmstrom named as new US CG in JeddahArab News
(MENAFN - Arab News) New US Consul-General Todd Holmstrom arrived in Jeddah on Aug. 6 to assume his post.Prior to his appointment Holmstrom served as deputy chief of mission in N'Djamena Chad from ...

 Aug 20 2014 - Saudi- KACST scientist wins US physics awardArab News
(MENAFN - Arab News) Dr. Ibtesam Saeed Badhrees a leading woman research scientist in experimental particle physics at the National Center for Nanotechnology King Abdulaziz City for Science and ...

 Aug 20 2014 - Saudia staff urged to improve servicesArab News
(MENAFN - Arab News) A leading Saudi Arabian Airlines official has urged Saudia executives and field workers at King Abdulaziz International Airport (KAIA) as well as other employees in maintenance ...

 Aug 20 2014 - Saudization poses challenge for surface transport sectorArab News
(MENAFN - Arab News) Saeed Al-Bassami vice president of the National Transportation Committee at the Saudi Council of Chambers and Industry has revealed that Saudization is one of the main challenges ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help